A Mansion on Prince Edward Island Sells for a Record $4.7 Million

The 11-acre estate includes a whale-watching tower and a stretch of private beach

By Gina FaridniyaOriginally published on August 02, 2016|Mansion Global|

After seven years on the market, an oceanfront mansion on Canada’s Prince Edward Island has sold for just under $4.7 million, making it the most expensive residential sale in the island’s history, according to the listing agent.

The 11-acre estate hit the market at $7.75 million in 2009, in the wake of the global financial crisis. “It was listed at the worst possible time to sell a recreational property,” said listing agent Michael Poczynek of Century 21 Real Estate.

The seller, a Philadelphia-based architect, built the 13,500-square-foot house in West Cable Head, located on the island’s north shore. “It was designed for himself, not as a flip,” Mr. Poczynek said.

The home has six bedrooms and eight bathrooms. There’s a four-story whale-watching tower, in addition to a private stretch of white, sandy beach.

The buyer is a businessperson who owns property on the island and intends to use the home as “a high-end weekly rental” that can be leased out monthly in the off-season, according to Mr. Poczynek.